Intevac Announces $10 Million in New Orders for HDD Technology Upgrades
Intevac, Inc. (Nasdaq: IVAC), a leading supplier of thin-film processing systems, today announced the receipt of $10 million in new orders for technology upgrades for its hard disk drive (HDD) customers.
- Intevac, Inc. (Nasdaq: IVAC), a leading supplier of thin-film processing systems, today announced the receipt of $10 million in new orders for technology upgrades for its hard disk drive (HDD) customers.
- Scheduled to be completed by year-end, these upgrades provide new and enhanced technologies to enable Intevacs customers to continue to progress along their media technology roadmaps.
- As the new orders announced today were previously anticipated, the expected revenues for these upgrades are already reflected in the Companys 2021 TFE forecast provided as of the May 3rd, 2021 conference call.
- Specific forward-looking statements contained in this press release include, but are not limited to; the timing of the HDD upgrades.